NSE and Steel Users Federation Collaborate to Develop Steel Derivatives Market
The National Stock Exchange of India (NSE) has signed a memorandum of understanding with the Steel Users Federation of India (SUFI) to jointly develop the steel and commodity derivatives market. This partnership aims to establish a transparent price-risk management framework, enabling industry participants like manufacturers, MSMEs, and infrastructure companies to hedge against price volatility. NSE and SUFI will collaborate on product design, market outreach, and capacity building to support effective hedging and improved price discovery in India's steel sector, a major global producer and consumer.